Nip Impresions 24 Nov 2025: When not to innovate

Jim Thompson's column emphasizes the importance of ethical business practices,

particularly regarding financial record-keeping. He warns against manipulating

financial data, citing several notorious examples of corporate fraud. Thompson

stresses the necessity of accurate, daily inventory counts, even with

computerized systems, to prevent fraudulent behavior. He advocates for honest

business dealings, including prompt payment to suppliers and adherence to fair

contract terms, ultimately arguing that integrity is crucial for long-term

business success.